Freehold Residential Development Opportunity with planning permission.
Demolition of existing building
Erection of a new building (up to 6 storeys). 105 Apartments (62 x 1 bedroom and 43 x 2 bedroom). 8,299 sq ft of ground floor commercial space. 47 under croft parking spaces.
Luton is a thriving retail, residential and commercial centre, located approximately 32 miles north of Central London.
The property will be sold with vacant possession.
Opportunity to improve the existing planning permission by changing the use of the commercial element to residential, subject to planning.
The vendor is seeking offers in the region of £8,500,000 (Eight Million and Five Hundred Thousand Pounds) subject to contract, for the benefit of their freehold interest.
We are not instructed directly, therefore, a 2% plus VAT finders fee applies.
The site benefits from detailed planning permission, subject to a S106 agreement, for the erection of a new residential block (up to 6 storeys) comprising 105 private apartments, 6 ground floor commercial units and 47 under croft car parking spaces.
Letting Fees Information
Admin fees - £250 + VAT per property (£300 inclusive)
References - £50 + VAT per person (£60 inclusive)
Check out fee - £150 per property + VAT (£180 inclusive)
Additional occupant fee £50 + VAT per person (if applicable after contract has been drawn up) (£60 inclusive)